The Greenhouse Gas Emissions Trading Scheme (Amendment) (No. 2) Order 2025
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Change 1
34 Article 2 amended (definitions)
(1) Article 2 is amended as follows. (2) In paragraph 1— (a) in point (1) (definition of “incumbent installation”) for “2026-2030” substitute “2027-2030”; (b) in point (14)(b) (definition of “baseline period”) for “2026-2030” substitute “2027-2030”; (c) after point (25) insert— (26) “first stage” and “second stage”, in relation to an application under Article 4 for free allocation in the 2027-2030 allocation period, must be construed in accordance with that Article. . (3) After paragraph 3 insert— 4. References in this Regulation to benchmarks for an allocation period are references to the benchmarks for the allocation period set out in Annex 8; but if no benchmarks for the 2027-2030 allocation period are set out in Annex 8 before the regulator is required to calculate the preliminary annual number of allowances to be allocated for scheme years in that period, the benchmarks for the 2021-2025 allocation period and the 2026 allocation period are to be used for the calculation. .
34 Article 2 amended (definitions)
(1) Article 2 is amended as follows. (2) In paragraph 1— (a) in point (1) (definition of “incumbent installation”) for “2026-2030” substitute “2027-2030”; (b) in point (14)(b) (definition of “baseline period”) for “2026-2030” substitute “2027-2030”; (c) after point (25) insert— (26) “first stage” and “second stage”, in relation to an application under Article 4 for free allocation in the 2027-2030 allocation period, must be construed in accordance with that Article. . (3) After paragraph 3 insert— 4. References in this Regulation to benchmarks for an allocation period are references to the benchmarks for the allocation period set out in Annex 8; but if no benchmarks for the 2027-2030 allocation period are set out in Annex 8 before the regulator is required to calculate the preliminary annual number of allowances to be allocated for scheme years in that period, the benchmarks for the 2021-2025 allocation period and the 2026 allocation period are to be used for the calculation. .
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